$COMP
Compound is a DeFi lending protocol that allows users to earn interest by depositing their cryptocurrencies into one of the multiple liquidity pools supported by the platform.
News: The founder of COMP is suspected of dumping 50,000 COMP (3.19 million USD), leading to a short-term 90% surge after Upbit's listing.
From the current hourly analysis, it can be seen:
This coin is currently in a downtrend with occasional brief rebounds, like hitting a ceiling and then crashing down—at this position, just close your eyes and short, setting a stop loss above 54 dollars. If you really want to catch the bottom, wait for the price to drop to around 46 dollars and see two consecutive bullish candles, or suddenly break through the 5-day moving average with significant volume before considering, but don’t fight against it; if it drops below 46, run quickly. The moving averages are all diverging downward, indicating a clear bearish market, and going long is like licking blood off a knife.
I personally suggest that this coin can continue to be shorted.
Without that indestructible diamond,
Don’t take on that porcelain job.
Follow along with Hao Ge's steps,
Keep up the speed,
A mere ten thousand U is not a dream.
Welcome to communicate 🚗
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